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North America Product Design & Development Services Market Size, Share & Trends Analysis Report by End-use (CROs, Medical Device Companies), by Application, by Service, and Segment Forecasts, 2022-2030

  • ID: 5569717
  • Report
  • March 2022
  • Region: North America
  • 170 Pages
  • Grand View Research

FEATURED COMPANIES

  • Aran Biomedical
  • Celestica Inc.
  • Devicelab, Inc.
  • Donatelle
  • Flex Ltd.
  • Jabil Inc.
The North America product design & development services market size is expected to reach USD 5.66 billion by 2030, registering a CAGR of 11.7% over the forecast period. The COVID-19 pandemic has significantly impacted the market. During the crisis, the product development firms faced the major challenge of how to continue with business operations while not getting affected by the disease. Also, the huge cost of development, the financial risk of missing the mark, and market timing altogether contributed to the greatest challenges for medical device development and market driving innovation.



However, the ease in the supply chain and significant reduction in market entry barriers have resulted in the recovery of this market. The pandemic has significantly increased the demand for diagnostic kits, Personal Protective Equipment (PPE), ventilators, and other critical medical supplies. Since February 2020, the FDA has authorized over 250 Emergency Use Authorizations (EUAs). The EUAs cover in vitro diagnostics and other testing kits, PPE kits & ventilators, and ECMO devices, among others. The major drivers of the market are increasing complexity in product design, demand for quality products, and cost reduction.

Medical and life sciences companies face extreme cost pressures to develop new and innovative products in shorter time frames while complying with the stringent regulatory requirements of the medical device. The manufacturers face more hurdles in getting cost-effective high-quality products to market faster along with some internal factors, such as design and production. Hence, medical device companies adopt a design-to-manufacturing approach where design, engineering, as well as production teams work in collaboration to develop the product model. This approach enhances both product quality and profitability by decreasing errors in development and designing, thereby increasing success rates.

North America Product Design & Development Services Market Report Highlights

  • The research, strategy, & concept generation segment dominated the market in 2021 owing to the extensive research required at this stage
  • The surgical instruments segment held the major market share in 2021due to the complexity of instruments that requires the need for precise design and development
  • The medical device companies segment is projected to exhibit the fastest CAGR over the forecast period due to the increasing demand for advanced and quality medical products
  • Key companies focus on mergers, acquisitions, product innovation, and other strategies to gain a higher market share
  • For example, in November 2021, Planet Innovation (PI) acquired the North American operations of BIT Analytical Instruments GmbH, which manufactures regulated medical devices


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Frequently Asked Questions about the North American Product Design & Development Services Market

What is the estimated value of the North American Product Design & Development Services Market?

The North American Product Design & Development Services Market was estimated to be valued at $2.3 Billion in 2022.

What is the growth rate of the North American Product Design & Development Services Market?

The growth rate of the North American Product Design & Development Services Market is 11.7%, with an estimated value of $5.7 Billion by 2030.

What is the forecasted size of the North American Product Design & Development Services Market?

The North American Product Design & Development Services Market is estimated to be worth $5.7 Billion by 2030.

Who are the key companies in the North American Product Design & Development Services Market?

Key companies in the North American Product Design & Development Services Market include Ximedica, Devicelab, Inc., Jabil Inc., Flex Ltd., Plexus Corp, Celestica Inc., Starfish Medical, Nordson Medical and Donatelle.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Aran Biomedical
  • Celestica Inc.
  • Devicelab, Inc.
  • Donatelle
  • Flex Ltd.
  • Jabil Inc.

Chapter 1 Report Scope
1.1 Introduction
1.2 Segment Scope
1.3 Service Scope
1.4 Application Scope
1.5 End-use Scope
1.6 Country Scope
1.7 Estimates and Forecast Timeline
Chapter 2 Research Methodology
2.1 Information procurement
2.1.1 Purchased database
2.1.2 Internal Database
2.1.3 Secondary sources
2.1.4 Primary Research
2.2 List of Primary Sources
2.3 Information or Data Analysis
2.4 Market Formulation & Validation
2.5 Country-wise Market Calculation
2.5.1 Country-wise Market: Base Estimates
2.5.2 North America Market: CAGR Calculation
2.5.3 Country-based Segment Share Calculation
2.6 Model Details
2.6.1 Company share analysis (Model 1)
2.6.2 Volume price analysis (model 2)
2.7 List of Abbreviations
2.8 Objectives
2.8.1 Objective-1
2.8.2 Objective-2
2.8.3 Objective-3
2.8.4 Objective-4
Chapter 3 Executive Summary
3.1 Market Outlook
3.2 Competitive Insights
Chapter 4 Market Variables, Trends & Scope
4.1 Market Lineage Outlook
4.1.1 Parent market outlook
4.1.1.1 Medical device outsourcing market
4.1.2 Related/ancillary market outlook
4.1.2.1 Healthcare contract research organization market
4.1.2.2 Pharmaceutical outsourcing market
4.1.2.3 Healthcare contract manufacturing market
4.1.2.4 Healthcare IT outsourcing market
4.1.2.5 Regulatory affairs outsourcing market
4.2 Market Segmentation
4.3 Regulatory Framework
4.3.1 Standards
4.3.1.1 U.S.
4.3.1.2 Canada
4.3.2 Compliances
4.4 Market Variable Analysis
4.4.1 Market driver analysis
4.4.1.1 Increasing complexity in product design and engineering
4.4.1.2 Increasing trend of smaller and porTable products
4.4.1.3 Care moving from hospital to home
4.4.1.4 Increasing demand for health data tracking
4.4.1.5 Increasing funding for medical devices
4.4.1.6 Increasing device recalls
4.4.1.7 Increasing incorporation of electronics in medical devices, especially implants
4.4.2 Market restraint analysis
4.4.2.1 High cost associated with product design and development
4.4.2.2 Threat of information loss to OEMs
4.4.2.3 Resistance, reluctance, and rejection
4.4.3 Industry challenges
4.5 Penetration & Growth Prospect Mapping
4.6 Business Environment Analysis tools
4.6.1 SWOT Analysis, by PEST
4.6.1.1 Political & legal Landscape
4.6.1.1.1 Strength
4.6.1.1.2 Weakness
4.6.1.1.3 Opportunity
4.6.1.1.4 Threat
4.6.1.2 Economical Landscape
4.6.1.2.1 Strength
4.6.1.2.2 Weakness
4.6.1.2.3 Opportunity
4.6.1.2.4 Threat
4.6.1.3 Technology Landscape
4.6.1.3.1 Strength
4.6.1.3.2 Weakness
4.6.1.3.3 Opportunity
4.6.1.3.4 Threat
4.6.1.4 Porter’s five forces analysis
4.6.1.5 Bargaining Power of Suppliers: Moderate
4.6.1.6 Bargaining Power of Buyer: High
4.6.1.7 Threat of Substitution: Low
4.6.1.8 Threat of new entrants: Moderate
4.6.1.9 Competitive rivalry: High
4.6.2 Case Study
4.7 COVID-19 Impact analysis
Chapter 5 North America Product Design and Development Services Market: Services Segment Analysis
5.1 Definition and Scope
5.2 North America Product Design and Development Services Market: Services Movement Analysis, 2021 & 2030
5.3 Research, Strategy, & Concept Generation
5.3.1 Research, Strategy, & Concept Generation market, 2017-2030 (USD Million)
5.4 Concept & Requirements Development
5.4.1 Concept & Requirements Development market, 2017-2030 (USD Million)
5.5 Detailed Design & Process Development
5.5.1 Detailed Design & Process Development market, 2017-2030 (USD Million)
5.6 Design Verification and Validation
5.6.1 Design Verification and Validation market, 2017-2030 (USD Million)
5.7 Process Validation and Manufacturing Transfer
5.7.1 Process Validation and Manufacturing Transfer market, 2017-2030 (USD Million)
5.8 Production & Commercial Support
5.8.1 Production & Commercial Support market, 2017-2030 (USD Million)
Chapter 6 North America Product Design and Development Services Market: Application Segment Analysis
6.1 Definition and Scope
6.2 North America Product Design and Development Services Market: Application Movement Analysis, 2021 & 2030
6.3 Diagnostic Devices
6.3.1 Diagnostic devices market, 2017-2030 (USD Million)
6.4 Therapeutic Devices
6.4.1 Therapeutic devices market, 2017-2030 (USD Million)
6.5 Clinical Laboratory Equipment
6.5.1 Clinical Laboratory Equipment market, 2017-2030 (USD Million)
6.6 Surgical Instruments
6.6.1 Surgical Instruments market, 2017-2030 (USD Million)
6.7 Biological Storage
6.7.1 Biological Storage market, 2017-2030 (USD Million)
6.8 Consumables and Accessories
6.8.1 Consumables and accessories market, 2017-2030 (USD Million)
6.9 Others
6.9.1 Others market, 2017-2030 (USD Million)
Chapter 7 North America Product Design and Development Services Market: End-use Segment Analysis
7.1 Definition and Scope:
7.2 North America Product Design and Development Services Market: End-use Movement Analysis, 2021 & 2030
7.3 Medical Device Companies
7.3.1 Medical Device Companies market, 2017-2030 (USD Million)
7.4 Pharmaceutical Companies
7.4.1 Pharmaceutical Companies market, 2017-2030 (USD Million)
7.5 Biotechnology Companies
7.5.1 Biotechnology Companies market, 2017-2030 (USD Million)
7.6 Contract Research Organizations
7.6.1 Contract Research Organizations Market, 2017-2030 (USD Million)
Chapter 8 North America Product Design and Development Services Market: Regional Estimates and Analysis
8.1 North America Product Design and Development Services Market Share by Region, 2021 & 2030
8.2 North America
8.2.1 North America product design and development services market estimates and forecasts, 2017-2030 (USD Million)
8.2.2 U.S.
8.2.2.1 U.S. product design and development services market, 2017-2030 (USD Million)
8.2.3 Canada
8.2.3.1 Canada product design and development services market, 2017-2030 (USD Million)
Chapter 9 Competitive Analysis
9.1 Company Profiles
9.1.1 Ximedica
9.1.1.1 Company Overview
9.1.1.2 Financial Performance
9.1.1.3 Service Benchmarking
9.1.1.4 Strategic initiatives
9.1.2 DeviceLab, Inc.
9.1.2.1 Company Overview
9.1.2.2 Financial Performance
9.1.2.3 Service Benchmarking
9.1.3 Jabil Inc.
9.1.3.1 Company Overview
9.1.3.2 Financial Performance
9.1.3.3 Service Benchmarking
9.1.3.4 Strategic initiatives
9.1.4 Flex Ltd.
9.1.4.1 Company Overview
9.1.4.2 Financial Performance
9.1.4.3 Service Benchmarking
9.1.4.4 Strategic initiatives
9.1.5 Plexus Corp
9.1.5.1 Company Overview
9.1.5.2 Financial Performance
9.1.5.3 Service Benchmarking
9.1.5.4 Strategic initiatives
9.1.6 Celestica Inc.
9.1.6.1 Company overview
9.1.6.2 Financial Performance
9.1.6.3 Service Benchmarking
9.1.6.4 Strategic initiatives
9.1.7 StarFish Medical
9.1.7.1 Company overview
9.1.7.2 Financial Performance
9.1.7.3 SERVICE BENCHMARKING
9.1.7.4 Strategic initiatives
9.1.8 NORDSON MEDICAL
9.1.8.1 Company overview
9.1.8.2 Financial performance
9.1.8.3 Service benchmarking
9.1.8.4 Strategic initiatives
9.1.9 PLANET INNOVATION
9.1.9.1 Company overview
9.1.9.2 Financial Performance
9.1.9.3 Service benchmarking
9.1.9.4 Strategic initiatives
9.1.10 Donatelle
9.1.10.1 Company overview
9.1.10.2 Financial Performance
9.1.10.3 Service benchmarking
9.1.11 CAMBRIDGE DESIGN PARTNERSHIP
9.1.11.1 Company overview
9.1.11.2 Financial Performance
9.1.11.3 Service benchmarking
9.1.12 ARAN BIOMEDICAL
9.1.12.1 Company overview
9.1.12.2 Financial Performance
9.1.12.3 Service benchmarking
List of Tables
Table 1 List of secondary sources:
Table 2 List of Abbreviations
Table 3 Differentiation between the various manufacturing processes
Table 4 Analysis of production cost using different manufacturing processes
Table 5 The basic difference between design verification & validation is as follows
Table 6 The basic difference between ASICs and FPGAs is as follow
List of Figures
Fig 1. Market research process
Fig 2. Information Procurement
Fig 3. Primary research pattern
Fig 4. Market research approaches
Fig 5. QFD modeling for market share assessment
Fig 6. Market formulation & validation
Fig 7. North America Product design and development services market snapshot (2021)
Fig 8. Competitive Insights (2021)
Fig 9. Parent market outlook
Fig 10. Related/ancillary market outlook
Fig 11. North America Product design and development services market segmentation
Fig 12. Canada Medical Device Classification
Fig 13. Market driver relevance analysis (Current & future impact)
Fig 14. Canada healthcare R&D expenditure (2017 - 2018, 2019 - 2020)
Fig 15. Market device recalls (2018 - 2021)
Fig 16. Market restraint relevance analysis (Current & future impact)
Fig 17. Penetration & growth prospect mapping
Fig 18. SWOT analysis, by factor (political & legal, economic and technological)
Fig 19. Porter’s five forces analysis
Fig 20. CNC Machining
Fig 21. North America Product design and development services market services outlook: Segment dashboard
Fig 22. North America product design and development services market: Services movement analysis
Fig 23. Research, strategy, & concept generation market, 2017 - 2030 (USD Million)
Fig 24. Concept & requirements development market, 2017 - 2030 (USD Million)
Fig 25. Design control process
Fig 26. Detailed design & process development market, 2017 - 2030 (USD Million)
Fig 27. Designing and engineering market, 2017 - 2030 (USD Million)
Fig 28. Machining market, 2017 - 2030 (USD Million)
Fig 29. Molding market, 2017 - 2030 (USD Million)
Fig 30. Packaging market, 2017 - 2030 (USD Million)
Fig 31. Design verification and validation market, 2017 - 2030 (USD Million)
Fig 32. Process validation and manufacturing transfer market, 2017 - 2030 (USD Million)
Fig 33. Production & commercial support market, 2017 - 2030 (USD Million)
Fig 34. North America product design and development services market application outlook: Segment dashboard
Fig 35. North America Product design and development services market: Application movement analysis
Fig 36. Diagnostic devices market, 2017 - 2030 (USD Million)
Fig 37. Therapeutic devices market, 2017 - 2030 (USD Million)
Fig 38. Clinical laboratory equipment market, 2017 - 2030 (USD Million)
Fig 39. Surgical instruments market, 2017 - 2030 (USD Million)
Fig 40. Biological storage market, 2017 - 2030 (USD Million)
Fig 41. Consumables and accessories market, 2017 - 2030 (USD Million)
Fig 42. Others market, 2017 - 2030 (USD Million)
Fig 43. North America Product design and development services market end-use outlook: Segment dashboard
Fig 44. North America product design and development services market: End-use movement analysis
Fig 45. Medical device companies market, 2017 - 2030 (USD Million)
Fig 46. Small market, 2017 - 2030 (USD Billion)
Fig 47. Medium market, 2017 - 2030 (USD Billion)
Fig 48. Large market, 2017 - 2030 (USD Billion)
Fig 49. Pharmaceutical companies market, 2017 - 2030 (USD Million)
Fig 50. Biotechnology companies market, 2017 - 2030 (USD Million)
Fig 51. Contract research organizations market, 2017 - 2030 (USD Million)
Fig 52. Regional outlook, 2021 & 2030
Fig 53. North America market, 2017 - 2030 (USD Million)
Fig 54. U.S. market, 2017 - 2030 (USD Million)
Fig 55. Canada market, 2017 - 2030 (USD Million)
Note: Product cover images may vary from those shown
  • Ximedica
  • Devicelab, Inc.
  • Jabil Inc.
  • Flex Ltd.
  • Plexus Corp
  • Celestica Inc.
  • Starfish Medical
  • Nordson Medical
  • Planet Innovation
  • Donatelle
  • Cambridge Design Partnership
  • Aran Biomedical
Note: Product cover images may vary from those shown

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